What is the first task of developing a retail strategy?
A)Decide what to buy.
B)Define the target market.
C)Create a promotional strategy.
D)Define the pricing policies.

Question

Quizplus · Accepted Answer

The first task of developing a retail strategy is to define the target market. This involves conducting market research and understanding the needs and preferences of potential customers. Once the target market is defined, the retailer can then make decisions about what to buy, pricing policies, and promotional strategies that will be most effective in reaching and attracting this target market.

What Is the First Task of Developing a Retail Strategy